Recognition of selling, general and administrative expenses and profit/loss distributions from silent partnerships
The filing company (the company), consolidated subsidiaries ヤマワケエステート株式会社 and ヤマワケレンディング株式会社
Crowdfunding projects in the crowdfunding business, and crowdfunding funds (silent partnerships) operated by the two subsidiaries
Fees and other expenses linked to the sale proceeds from crowdfunding projects, and the distribution of profits and losses to investors in crowdfunding funds (silent partnerships)
Selling, general and administrative expenses (fees): ¥449 million; profit/loss distributions from silent partnerships: ¥1,925 million
The interim consolidated accounting period for the fiscal year ending October 2025 (at the beginning of the main text). The outlook states that the amounts will be reflected in the financial results report for the second quarter (interim period) of the fiscal year ending October 2026.
This matter has been reflected in the disclosure document dated today, “Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending October 2026 [Japanese GAAP] (Consolidated).”
| Item | Details |
|---|---|
| Event name | Recognition of selling, general and administrative expenses and profit/loss distributions from silent partnerships |
| Subject Entity | The filing company (the company), consolidated subsidiaries ヤマワケエステート株式会社 and ヤマワケレンディング株式会社 |
| Target Locations / Products | Crowdfunding projects in the crowdfunding business, and crowdfunding funds (silent partnerships) operated by the two subsidiaries |
| Cause | Fees and other expenses linked to the sale proceeds from crowdfunding projects, and the distribution of profits and losses to investors in crowdfunding funds (silent partnerships) |
| Amount of Impact on Business Performance | Selling, general and administrative expenses (fees): ¥449 million; profit/loss distributions from silent partnerships: ¥1,925 million |
| Accounting period in which recognized | The interim consolidated accounting period for the fiscal year ending October 2025 (at the beginning of the main text). The outlook states that the amounts will be reflected in the financial results report for the second quarter (interim period) of the fiscal year ending October 2026. |
| Outlook | This matter has been reflected in the disclosure document dated today, “Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending October 2026 [Japanese GAAP] (Consolidated).” |
Items this document does not state (18)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The fees and other expenses are linked to the sale proceeds from crowdfunding projects in the crowdfunding business. The profit/loss distributions from silent partnerships result from the distribution of profits and losses to investors in crowdfunding funds operated by consolidated subsidiaries.